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“Bitcoin will be one of Brazil currencies soon,” says deputy who promotes new law

Bitcoin will be one of Brazil currencies soon,” says deputy who promotes new law



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8 Comments

  1. tldr; Brazilian Congressman Aureo Ribeiro has said that Brazilians will soon be able to buy houses, cars and even a McDonald’s hamburger with Bitcoin, after the approval of their new law. The law will establish the purchase of products and services with cryptocurrencies. The bill will be discussed in the plenary session of the Chamber of Deputies.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. In brazil we barely have laws regulating cripto and the system to report your tax of cripto is so badly designed and confusing, want to make it so i can buy a house with bitcoin? Coll I’m all for it, just don’t tax me fucking 15% for it… to me there’s a lot that gotta be done first law wise.

    If I’m wrong feel free to correct me, I’d like some enlightenment on this.

  3. Not surprising. Full speed ahead.

    Best thing Brazil can do will be the least regulation / least law possible and simply encourage investment while recognizing bitcoin as legal tender. Looking forward to see what they do.

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